2.Amount of money not received out of called up capital is : *
1 point
(A.) Added to share capital
(B.) Subtracted from share capital
(C.) Shown as current liabilities
(D.) Shown as current asset
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Answer:
a is the right answer
Explanation:
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Option (B) Subtracted from share capital is the correct answer.
- The shareholders owe amount but did not pay is known as the called-up capital.
- The total amount of money invested in the business by the company owner is referred to as shared capital.
- Any resource or goods that bring profit is termed an asset.
- The amount that needs to pay to another party is the liability.
- So, the cash which is not received out of called-up capital is found by subtracting from share capital.
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